Purchase price $ 510,000 Purchase Closing Costs 10,200 Estimated Rehab Costs 5,000 Total Project Costs 525,200 Downpayment (36.9%) 188,000 Loan Amount 322,000 Loan Interest Rate 5.250% Total Cash Needed 203,200 Gross Rents 61,440 Monthly Rental Income 5,120 Expenses Advertising 25 Gardening 66 Insurance 250 Management Fee 512 Pest Control 50 Property Tax 638 CapExpense 512 Security System 280 Vacancy 512 Total Monthly Expenses (55.6%) 2,845 Monthly P&I 1,778 Total Cash Flow 497 Performance Metrics Monthly Cash Flow $497 Cash on Cash Return (ROI) 3.17% DSCR 1.28 Purchase Cap Rate 5.35% Proforma Cap Rate 5.20% 1% Rule 0.97%

You need a Pennsylvania POA, not VIrginia... so ask the title company handling this for assistance — they’ll have a PA attorney prepare the right doc and they need to approve it anyway if they are insuring the deal. 

Both 30 year fixed.For non home owner occupied loans, they’ll cross 6 percent by end of the year and likely be at or near 7 percent by end of next year.From there it’s anyone’s guess.

Any breed of dog can be allowed IF the tenant gets a rider on their renter's policy covering any "insurance classified dangerous breed". 

I'm a home owner and have some commercial real-estate. 

Also, flood insurance is a must given Houston's weather patterns lately (even though the "Heights" are so named because they are above the flood plain).

I get MINIMAL insurance. 

Dad restructured her loan to help, but we've discovered she can't afford homeowner's insurance. 

also what kind of insurance I should need for the real estate involvement LLC ?

Just make sure they have insurance and you should be fine.